Best Ways of Making Money with Alexa Skills

The best ways of making money with Alexa Skills

The effectiveness of Alexa–Amazon’s digital assistant–depends on the skills Alexa has to offer. These Skills are mostly the third-party capabilities built by developers. The Alexa Skills count keeps rising every day, which nowadays has gone over 200 000 available ones worldwide.

The smart speaker market in the US is dominated by Amazon Alexa, accounting for more than 70% of all sales. This leads to promising long-term prospects for the device.

Recognizing these facts, have you ever considered making money with Alexa Skills?
This question goes not only for an Alexa Skill developer but also to businesses and Sellers.

Of course, we can all agree that every new emerging technology has given ways to many companies to make a profit from them. In this case, Alexa Skills make no exception.

Some of the ways you can use in making money with Alexa Skills are:

  • In-Skill Purchasing
  • Alexa Developer Rewards
  • Amazon Pay for Alexa Skills
  • Alexa Prize

Surely, monetizing Alexa Skills won’t make you a millionaire within days or weeks but they can bring in a good income.

How to monetize Alexa Skills with In-Skill Purchasing?

If you ask how to monetize Alexa Skills with In-Skill Purchasing, there are two main ways.

The first is to offer Premium single-payment features or content, or by offering a monthly subscription for what your Skill and adding something extra for it to be worth the payment.

For example, if you build a game type of Skill, you can give the user the possibility to unlock extra levels in exchange for a single payment. Or, if you have made a Flash briefing Skill, you can give the user a subscription to premium or more personalized content for a monthly fee.

This can be one of the easiest ways of making money with Alexa Skills. However, your Skill should be already offering quality content with free use, for it to generate new users.

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Earning money with Alexa Developer Rewards Program

To make customers happy, Amazon will award money to each Alexa Skill Developer that delivers exceptional customer engagement. Amazon Alexa Team considers the number of minutes used each month, total new customers, returning customers, ratings, sessions, and many other relevant factors.

Alexa Developer Rewards is currently available for skills offered in the U.S., U.K, and Germany, with more countries expected to be added soon.

A satisfying and useful experience will drive user behavior and bring customers back. Build something useful that users keep. Use these things to spread the word of your brand and make yourself part of the Alexa Developer Rewards program for the future months to come.

Monetize Alexa Skills with Amazon Pay

Amazon Pay enables Amazon account holders to use the payment methods already associated with their accounts. They can pay for goods or services comfortably, without having to enter their username, password, shipping address, or credit card details.

Amazon Pay for Alexa Skills is also a reliable money-maker. Amazon Pay became available for Alexa skills in 2018. Before that, the company did not allow third-party developers to sell physical products within Alexa skills.

Amazon Pay for Alexa Skills is also a reliable money-maker. Amazon Pay became available for Alexa skills in 2018. Before that, the company did not allow third-party developers to sell physical products within Alexa skills.

Sellers and Brands will be able to sell not only food, electronics, and clothing, but also event tickets, reservations, and much more.

Other means of making money with Alexa Skills

Amazon is expanding its voice assistant Alexa into millions of households and workplaces. Smart home devices such as Amazon Echo (or Amazon Echo Show or Amazon Echo Spot ) can be used to interact with compatible hardware and to access games, flash briefings, recipes, and other services.

This increasing interest in Alexa Skills has created many other opportunities to monetize them or the knowledge about their building process.

Amazon Alexa Prize

In November 2020, Amazon announced that the teams competing for the Alexa Prize Socialbot Grand Challenge 4 were selected. This prize is a multimillion-dollar university challenge that was initiated to advance human-computer interaction.

Specifically, these teams will create socialbots that can converse coherently and engagingly with humans on a range of different topics such as entertainment, sports, politics, technology, and fashion.

Each university team that participates will be awarded a $250,000 research grant. They will also receive Alexa-enabled devices and support from the Alexa team.

The grand challenge. One million dollars in research funding will be paid to the winning team’s university if their Socialbot has a composite score of at least 4.0. The Socialbot must be engaged with two-thirds of its human counterparts for at least twenty minutes.

Building Skills for others or training them

  1. Another way to make money by building Alexa skills is to build them for businesses or individuals. As more people purchase Alexa-enabled devices, we will need a wide variety of skills. Businesses, in particular, will want to invest in voice technology. Businesses will be looking for developers like you to create these skills and make their lives easier.
  2. Now that more and more developers are creating Alexa skills, training courses are an excellent resource for people who are looking to learn the complexities of this new voice-enabled world. You can sell these courses on your site as well. Just remember to create original, quality content that will be useful to users.

However, there are people who might want to build Alexa Skills and monetize them but don’t have coding experience. Or maybe have found the Alexa Skills Kit complicated.
In this case, you can use the Ipervox Platform, be it for a business, radio, or a podcast show. You can even create one if you are a blogger who wants to make his content part of the voice world.
All you need is to press “Get Started”, and you can start building your Alexa Skill with no difficulty whatsoever.

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Best Ways of Making Money with Alexa Skills was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.





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